TransDigm Group (TDG) Declares $22 Special Dividend; 8.1% Yield
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TransDigm Group Announces Successful Completion of Additional Term Loan and Declares a Special Cash Dividend of $22.00 Per Share
August 23, 2017 5:05 PM EDTCLEVELAND, Aug. 23, 2017 /PRNewswire/ --Â TransDigm Group Incorporated (the "TransDigm Group") (NYSE: TDG) announced today that its wholly-owned subsidiary, TransDigm Inc., received the funding of an additional term loan of $1,819 million maturing in 2024 at a rate of LIBOR plus 3.00% and repaid in full the existing tranche C term loans, pursuant to an amendment to its existing credit agreement.
The amendment also permits (a) the payment of a special dividend, share repurchase, or combination thereof, in an aggregate amount up to $1,262 million over the next 60 days, and (b) certain additional restricted... More
